DOCSLIB.ORG

IFRS Financial Results for the Fiscal Year Ended March 31, 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
IFRS Financial Results for the Fiscal Year Ended March 31, 2018 Terumo Corporation IFRS Financial Results for the Fiscal Year Ended March 31, 2018 1 2 4. Consolidated Financial Statements ① Consolidated Statements of Financial Position （Unit: Millions of yen） As of As of As of April 1, 2016 March 31, 2017 March 31, 2018 Assets Current assets Cash and cash equivalents 146,927 105,046 167,832 Trade and other receivables 105,270 111,090 121,402 Other current financial assets 3,149 625 659 Inventories 95,280 106,046 112,064 Current tax assets 2,106 750 530 Other current assets 5,819 7,375 8,421 Total current assets 358,553 330,934 410,912 Non-current assets Property, plant and equipment 165,554 172,644 179,196 Goodwill and intangible assets 294,767 471,616 442,660 Investments accounted for using the 5,955 5,717 5,710 equity method Other non-current financial assets 41,154 13,651 13,815 Deferred tax assets 19,788 24,019 23,356 Other non-current assets 3,716 3,679 3,328 Total non-current assets 530,938 691,328 668,068 Total assets 889,491 1,022,262 1,078,981 3 （Unit: Millions of yen） As of As of As of April 1, 2016 March 31, 2017 March 31, 2018 Liabilities and Equity Liabilities Current liabilities Trade and other payables 55,485 61,152 67,515 Bonds and borrowings 59,901 127,853 47,436 Other current financial liabilities 444 370 407 Current tax liabilities 11,341 11,115 15,970 Provisions 115 212 198 Other current liabilities 43,884 49,433 47,483 Total current liabilities 171,172 250,137 179,013 Non-current liabilities Bonds and borrowings 157,172 210,335 288,776 Other non-current financial liabilities 1,455 10,724 15,452 Deferred tax liabilities 39,549 40,093 24,124 Retirement benefit liabilities 10,256 8,650 10,063 Provisions 230 84 82 Other non-current liabilities 9,323 10,712 11,032 Total non-current liabilities 217,987 280,602 349,532 Total liabilities 389,160 530,739 528,545 Equity Share capital 38,716 38,716 38,716 Capital surplus 52,478 52,478 52,445 Treasury stock (64,040) (108,225) (101,546) Retained earnings 459,264 513,578 588,932 Other components of equity 13,803 (5,126) (28,240) Total equity attributable to the owners of 500,221 491,421 550,307 the parent Non-controlling interests 109 101 128 Total equity 500,331 491,522 550,435 Total liabilities and equity 889,491 1,022,262 1,078,981 4 ② Consolidated Statements of Profit or Loss （Unit: Millions of yen） For the fiscal year ended For the fiscal year ended March 31, 2017 March 31, 2018 Revenue 514,164 587,775 Cost of sales 240,329 268,442 Gross profit 273,835 319,333 Selling, general and administrative expenses 183,288 212,363 Other income 2,789 4,764 Other expenses 5,559 3,180 Operating profit 87,777 108,552 Finance income 709 1,089 Finance costs 13,228 2,792 Share of the profit of investments accounted (377) (218) for using the equity method Profit before tax 74,881 106,630 Income tax expenses 19,989 15,429 Profit for the year 54,891 91,201 Attributable to: Owners of the parent 55,003 91,295 Non-controlling interests (111) (94) Total profit for the year 54,891 91,201 Earnings per share Basic earnings per share (yen) 152.31 259.12 Diluted earnings per share (yen) 142.75 242.06 Consolidated Statements of Profit or Loss (Under JGAAP) （Unit: Millions of yen） For the fiscal year ended For the fiscal year ended March 31, 2017 March 31, 2018 Net sales 514,164 587,775 Gross profit 278,000 327,226 Operating income 76,578 92,232 Ordinary income 68,552 88,467 Profit attributable to the owners of the parent 54,225 75,590 5 ③ Consolidated Statements of Comprehensive Income （Unit: Millions of yen） For the fiscal year ended For the fiscal year ended March 31, 2017 March 31, 2018 Profit for the year 54,891 91,201 Other comprehensive income Items that will not be reclassified to profit or loss Changes in financial assets measured at fair (1,412) 298 value through other comprehensive income Remeasurements of defined benefit plan 2,969 (46) Total items that will not be reclassified to profit 1,556 252 or loss Items that will be reclassified to profit or loss Exchange differences on translation of foreign (6,321) (24,395) operations Cash flow hedges (479) 2 Hedging costs 33 607 Share of other comprehensive income/(loss) of investments accounted for using the equity (0) (1) method Total items that will be reclassified to profit or (6,768) (23,787) loss Other comprehensive income/(loss) for the year (5,211) (23,534) Total comprehensive income for the year 49, 680 67,666 Attributable to Owners of the parent 49,798 67,774 Non-controlling interests (118) (108) Total comprehensive income for the year 49,680 67,666 (Note) Items in the above statement are net of tax. 6 ④ Consolidated Statements of Changes in Equity （Unit: Millions of yen） Equity attributable to the owners of the parent Other Non-contro Share Capital Treasury Retained components of Total lling Total equity capital surplus stock earnings equity interests Balance at April 1, 2016 38,716 52,478 (64,040) 459,264 13,803 500,221 109 500,331 Profit for the year － － － 55,003 － 55,003 (111) 54,891 Other comprehensive － － － － (5,205) (5,205) (6) (5,211) income Total comprehensive income － － － 55,003 (5,205) 49,798 (118) 49,680 Acquisition of treasury － － (44,227) － － (44,227) － (44,227) stock Disposal of treasury stock － － 41 (18) (22) 0 － 0 Dividends － － － (14,518) － (14,518) － (14,518) Transfer from other components of equity to － － － 13,848 (13,848) － － － retained earnings Change in shares of subsidiaries due of capital － － － － － － 110 110 increase Share-based payments － － － － 147 147 － 147 Total transactions with the － － (44,185) (689) (13,724) (58,599) 110 (58,488) owners of the Company Balance at March 31, 2017 38,716 52,478 (108,225) 513,578 (5,126) 491,421 101 491,522 Profit for the year － － － 91,295 － 91,295 (94) 91,201 Other comprehensive － － － － (23,520) (23,520) (14) (23,534) income Total comprehensive income － － － 91,295 (23,520) 67,774 (108) 67,666 Acquisition of treasury － － (6) － － (6) － (6) stock Disposal of treasury stock － － 109 (19) (90) 0 － 0 Dividends － － － (15,839) － (15,839) － (15,839) Transfer from other components of equity to － － － (50) 50 － － － retained earnings Change in shares of subsidiaries due of capital － － － － － － 135 135 increase Share-based payments － － － － 447 447 － 447 Conversion of convertible － (33) 6,576 (33) － 6,509 － 6,509 bonds Total transaction with the － (33) 6,679 (15,942) 406 (8,889) 135 (8,753) owners of the Company Balance at March 31, 2018 38,716 52,445 (101,546) 588,932 (28,240) 550,307 128 550,435 7 ⑤ Consolidated Statements of Cash Flows （Unit: Millions of yen） For the fiscal year ended For the fiscal year ended March 31, 2017 March 31, 2018 Cash flows from operating activities Profit before tax 74,881 106,630 Depreciation and amortization 34,471 42,035 Share of the loss/(gain) of investments accounted for 377 218 using the equity method (Decrease) /increase in retirement benefit liabilities 2,876 2,204 Interest and dividend income (701) (855) Interest expenses 1,709 1,805 Foreign exchange (gain)/loss 2,881 616 (Gain)/Loss on disposal of property, plant and equipment 1,293 557 (Profit)/Loss on valuation of financial instruments 6,984 － (Increase)/decrease in trade and other receivables (4,718) (9,256) (Increase)/decrease in inventories (4,182) (7,537) Increase/(decrease) in trade and other payables 886 3,991 Others (7,875) (1,639) Sub-total 108,883 138,770 Interest and dividend income received 842 1,039 Interest expenses paid (1,318) (1,129) Income taxes paid (25,518) (24,118) Net cash provided by operating activities 82,888 114,562 Cash flow from investing activities Payments for purchase of time deposits (298) (25) Proceeds from withdrawal of time deposits 2,443 － Payments for purchase of property, plant and equipment (29,838) (31,866) Proceeds from sale of property, plant and equipment 1,315 32 Payments for purchase of intangible assets (8,763) (9,456) Payments for purchase of financial instruments (1,243) (572) Proceeds from sale of financial instruments 21,440 － Payments for business acquisition (119,191) (2,217) Payment for acquisition of shares of subsidiaries due to (49,380) － changes in the scope of consolidation Others (0) － Net cash used in investing activities (183,517) (44,105) Cash flow from financing activities Proceeds from short-term borrowings 120,000 － Repayment of short-term borrowings (58) (120,000) Proceeds from long-term borrowings 29,640 119,638 Repayment of long-term borrowings (19,460) (7,759) Proceeds from issue of corporate bonds 29,888 19,931 Payments for redemption of corporate bonds (40,000) － Proceeds from non-control interests 110 135 Finance lease payments (379) (232) Payments for repurchase of treasury stock (44,227) (6) Payments for dividends (14,518) (15,839) Net cash provided by financing activities 60,993 (4,132) Effect of exchange rate changes on cash and cash (2,246) (3,538) equivalents Net increase/(decrease) in cash and cash equivalents (41,880) 62,786 Cash and cash equivalents at the beginning of the year 146,927 105,046 Cash and cash equivalents at the end of the year 105,046 167,832 8 5.
Load more

Recommended publications
  • Business Report for the 97Th Fiscal Period
    2015 Business Report for the 97th Fiscal Period Bridgestone Corporation Note: This English translation of the Business Report for the 97th Fiscal Period is for convenience only. If there are any differences between this translation and the Japanese original, the Japanese original supersedes this translation. 1 I N D E X MESSAGE TO SHAREHOLDERS ....................................................................................................4 BUSINESS REPORT ..........................................................................................................................6 I. CURRENT STATUS OF THE BRIDGESTONE GROUP .............................................................. 6 1. Business Developments and Results of Operations ................................................... 6 2. Capital Investment ......................................................................................................... 10 3. Financing ........................................................................................................................ 10 4. Management Tasks ....................................................................................................... 11 5. Assets and Operating Results ...................................................................................... 13 6. Major Subsidiaries ......................................................................................................... 14 7. Major Offices and Plants ..............................................................................................
    [Show full text]
  • N. A. C. A. Bullet
    P W1a00RWm'Y O l r THE NATIONAL AWWATION Of COST AM NT. J!" tv N. A. C. A. BULLET Vol. XII, No. 16 April 15, 1931 IN FOUR SECTIONS Section I ' Consolidation Accounting This bulletin is published semi - monthly by the National Association of Cost Accountants, 1790 Broadway, New York, Subscription price $15.00 per year. Entered at the Post Office, New York, N. Y., as second class matter August 28, 1925, under the Act of March 3, 1879. N. A. C. A. BULLETIN Vol. XII, No. 16 April 15, 1931 Consolidation Accounting By E. J. GESSNER, Asst. Treas. and Secy. Allegheny Equipment Corp. Pittsburgh, Pa. The National Association of Cost Accountants does not stand sponsor for views expressed by the writers of articles issued as Publications. The object of the Official Publications of the Association is to place before the members ideas which it is hoped may prove interesting and suggestive. The articles will cover a wide range of subjects and present many different viewpoints. It is not intended that they shall reflect the particular ideas of any individual or group. Constructive comments on any of the Publications will be welcome. Additional copies of this Publication may be obtained from the office of the secretary. The price to members is twenty -five cents per copy and to non - members seventy -five cents per copy. EDITORIAL DEPARTMENT NOTE While the wave of consolidations and mergers which took place during the rising securities market from 1923 to 1929 has now subsided, the subject of accounting neces- sary in these consolidations is of constant interest.
    [Show full text]
  • Chapter 2 Financial Statements and Cash Flow
    Solutions Manual CHAPTER 2 FINANCIAL STATEMENTS AND CASH FLOW Solutions to Questions and Problems NOTE: All end-of-chapter problems were solved using a spreadsheet. Many problems require multiple steps. Due to space and readability constraints, when these intermediate steps are included in this solutions manual, rounding may appear to have occurred. However, the final answer for each problem is found without rounding during any step in the problem. Basic 1. To find owners’ equity, we must construct a balance sheet as follows: Balance Sheet CA $ 5,700 CL $ 4,400 NFA 27,000 LTD 12,900 OE ?? TA $32,700 TL & OE $32,700 We know that total liabilities and owners’ equity (TL & OE) must equal total assets of $32,700. We also know that TL & OE is equal to current liabilities plus long-term debt plus owners’ equity, so owners’ equity is: OE = $32,700 –12,900 – 4,400 = $15,400 NWC = CA – CL = $5,700 – 4,400 = $1,300 2. The income statement for the company is: Income Statement Sales $387,000 Costs 175,000 Depreciation 40,000 EBIT $172,000 Interest 21,000 EBT $151,000 Taxes 52,850 Net income $ 98,150 Solutions Manual One equation for net income is: Net income = Dividends + Addition to retained earnings Rearranging, we get: Addition to retained earnings = Net income – Dividends Addition to retained earnings = $98,150 – 30,000 Addition to retained earnings = $68,150 3. To find the book value of current assets, we use: NWC = CA – CL. Rearranging to solve for current assets, we get: CA = NWC + CL = $800,000 + 2,400,000 = $3,200,000 The market value of current assets and net fixed assets is given, so: Book value CA = $3,200,000 Market value CA = $2,600,000 Book value NFA = $5,200,000 Market value NFA = $6,500,000 Book value assets = $8,400,000 Market value assets = $9,100,000 4.
    [Show full text]
  • Independent Auditors' Report the Board of Directors Acer
    Independent Auditors’ Report The Board of Directors Acer Incorporated: We have audited the non-consolidated balance sheets of Acer Incorporated (the “Company”) as of June 30, 2009 and 2008, and the related non-consolidated statements of income, changes in stockholders’ equity, and cash flows for the six-month periods then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. Except as stated in the third paragraph, we conducted our audits in accordance with generally accepted auditing standards and the “Regulations Governing Auditing and Certification of Financial Statements by Certified Public Accountants” in the Republic of China. Those standards and regulations require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. The Company’s long-term equity investments of NT$80,488,665 thousand and NT$69,174,997 thousand, long-term equity investment credits of NT$0 thousand and NT$422,899 thousand, deferred inter-company profits of NT$16,936 thousand and NT$23,259 thousand and foreign currency translation adjustment of NT$1,901,168 thousand and NT$692,083 thousand as of June 30, 2009 and 2008, respectively, and related net investment gain of NT$2,897,478 thousand and NT$4,554,807 thousand and change in unrealized inter-company profits of NT$4,679 thousand and NT$(7,298) thousand for the six-month periods ended June 30, 2009 and 2008, respectively, were accounted for under the equity method based on the unaudited financial statements of the related investees of the Company.
    [Show full text]
  • Where Acc0cnting Records Show Valuation of Capital
    336 OPINIONS 6165 1. BANK, STATE OR NATIONAL - WHERE ACC0CNTING RECORDS SHOW VALUATION OF CAPITAL. SURPLUS, RESERVE AND UNDIVIDED PROFITS IN SEPARATE CLASSIFICATIONS SHOWING RESERVES FOR DESIG­ NATED CONTINGENCIES, ALL OF SuCH ITEMS MUST BE INCLUDED IN TAX BASE COMPUTED BY TAX COMMIS­ S!ONER-ASSESS1IENT-TAXABLE SHARES_:__ SECTIOX 5412 G. C. 2. WHERE FINANCIAL INSTITUTION FILES WITH TAX COMMISSIONER BALANCE SHEET WHICH SHOWS DE­ DUCTIONS FROM BOOK VALUE OF SPECIFIC ASSETS­ ITEMS DESIGNATED AS RESERVES AGAINST VALUE OF SPECIFIC ASSETS-SUCH ITEMS NOT RESERVE FUND - SHOULD NOT BE INCLUDED IN.TAX BASE COMPUTED BY TAX COMMISSIONER. ATTORXEY GENERAL 3.37 SYLLABUS: 1. \\'hen a state or national bank maintains its accounting records showing \·aluation of its capital, surplus, reserve and undivided profits in separate classifi­ cations ,hawing reserves for designated contingencies, all of such items must be included in the tax base computed by the Tax Commissioner in assessing its tax­ able shares under authority of .Section 5412 of the General Code. 2. \\'here, on the balance sheet filed by a financial institution with the Tax Commissioner for purposes of taxation, deductions from the book value of the specific assets are shown and such items are designated as resen·es against the value of such specific assets, such items do not constitute a reserve fond and should not be included in the tax base computed by the Tax Commissioner under authority uf Section ;,41:! of the General Code. Columbus, Ohio, June 21, 1943. Hon. \\'illiam S. Evatt, Tax Commissioner
    [Show full text]
  • Change in Surplus Income Statement Account Type
    Change In Surplus Income Statement Account Type Dietetic and Chasidic Srinivas teethes so lief that Marc order his artiodactyls. If gleety or fewest Adolphus usually stoops his ridder outlast therein or undergone infallibly and godlessly, how daintier is Reilly? Superlunar and penetrating Theodor preludes some routing so fixedly! The finance field includes three main subcategories personal finance corporate finance and public government finance. Revaluation of fixed assets increases revaluation surplus. If so company earns a farewell which balance sheet items change. Consolidated Financial Statements of the Nestl Group 201. 2020 The dawn of attorney kind virtual graduation ceremony took that at Ethiopian Aviation. Definition of issue account balance of payments imports and exports of goods. Accounting Accounting keeps track maintain the financial records of gain business. Capital assets and holding gains and savings type classifications, surplus in income statement account type of this loss and withdrawals, national accountants treat withholding, and cancellation of the star programme. Revaluation surplus and Gains on revaluation OpenTuition. What length of chatter is contributed capital? Good state of in surplus. Where is vehicle on balance sheet? The fleet need not change the outline of writing general ledger account event though it contains a debit balance The war common credits and debits made to Retained. O Financial statement analysis can be heaven without benefit to click into consideration any. Where is contributed surplus so the balance sheet? Your balance sheet income statement and head flow statement are tools to. Go in weakening reserves in purpose statutory financial statements. How do any change their access to decrease Revenue Online accounts.
    [Show full text]
  • Welcome to the Credit Analyst Development Program
    WELCOME TO THE CREDIT ANALYSTDEVELOPMENT PROGRAM Credit Analysts arean integral partof Credit Administration in the BankingIndustry. The analyst's role is to analyze and summarizethe financialcondition of an entityto determine the debt repayment capability of the entity. In doing so, the analystconsiders bothfinancial and non-financialfactors that may impact the ability to repay. Being a Credit Analyst is a universally recognized and valuable skill to possess in the banking industrya nd could lead to managementpositions if performed effectively. It is a great skill for those who choose to become a commercial / consumer lender or choose to become a career Credit Analyst. Whatk ey personal characteristics do good Credit Analysts possess? Below is a list of characteristicsI have witnessed in effective Credit Analysts: ► SharpEye for Details ► VeryAnalytical ► CuriousI Inquisitive ► Good Communicator ► Assertive ► Researcher ► People Skills ► Thick Skin ► Willing to Learn There are professional skills good Credit Analysts should possess also. According to an article presented in a Risk Management Association Journal of Commercial Lending on the skills of "Top-Notch" Credit Analysts, they: ► Are Well Versed in the Details of Accounting ► Keep up withChanges in Accounting Practices ► Are Competent Writers andCommunicators ► Continue Their Self-Educationas OpportunitiesPresent Themselves ► Like Having Control Over All of Their Analysis Being well versed in the details of Accounting is a major requirement for Credit Analysts to achieve. Accounting is a highly technical andvast fieldof study and, the cornerstonefor analyzing financialstatements and taxreturns. BANKERS INSIGHT GROUP, LLC 1 Improved analytical skills starts with having a good working knowledge of accounting. Once you understand how financial statements are constructed, it makes it easier for you to analyze and understand the results.
    [Show full text]
  • Review of Capital Surplus and Corporate Net Worth by Raymond P
    THE UNIVERSITY OF CHICAGO LAW REVIEW phrase, "intercorporate vicarious liability." With considerable skill Professor Latty weaves his way through the maze of decisions where under certain facts the courts scrupulously respect the corporate "entity" and refuse to "pierce the corporate veil" and where, sometimes under different facts but often under like facts, they elect dis- dainfully to "disregard the corporate fiction" and to see the corporation as a sheer "device," "agency" or "instrumentality" created for the futile purpose of escaping personal liability. It seems true, as said at the opening of the concluding chapter, that "nearly all of the discussion heretofore could just as well have been directed to individual stock- holders as to parent corporations." This last chapter, however, entitled "Limitations upon Limited Liability," goes directly to the vital question whether in certain situa- tions there may not be a point beyond which an individual, once having limited his liability through incorporation, may not go in further limiting his liability by caus- ing the corporation to form subsidiaries for the conduct of separate departments of the business enterprise. It is suggested that the cases allowing the creditor of the sub- sidiary recovery against the parent or intermediate subsidiaries are simply giving legal recognition to what may be an economic fact, namely, that the whole corporate family constitutes a single economic unit and that there is no justification for "denying to an injured claimant of an insolvent subsidiary recovery against a parent corporation which is itself, inter alia, an instrument for limiting the liability of its own stockhold- ers." Assuming that the single enterprise theory is a tenable one for legal purposes, the difficulty of its application, it is pointed out, lies in the inability of the economists themselves to give us a formula for determining what does and does not constitute a single business unit.
    [Show full text]
  • Audit Report on Accounting (Financial) Statements of “MB Technologies” Limited Liability Company for 2013
    Audit Report on Accounting (Financial) Statements of “MB Technologies” Limited Liability Company for 2013 March 2014 Audit Report — “MB Technologies” LLC Table of Contents Page Independent Auditor’s Report 3 Appendices 1. Accounting (Financial) Statements of "MB Technologies" LLC for 2013: Accounting Balance Sheet as of December 31, 2013 5 Financial Results Statement for 2013 7 Schedules to the Accounting Balance Sheet and Financial Results Statement 9 EY 2 EY CJSC Ernst & Young Vneshaudit: Building a better Sadovnicheskaya Nab., 77, bid. l working world Moscow, 115035, Russia Tel: +7(495)705 9700 +7 (495)755 9700 Fax: +7 (495) 755 9701 www.ey.com/ru OKPO (All-Russian Classifier of Businesses and Organizations): 00139790 Independent Auditor’s Report To: the Sole Member of "MB Technologies" Limited Liability Company We audited the enclosed accounting (financial) statements of "MB Technologies" Limited Liability Company (hereinafter — "MB Technologies" LLC) consisting of the Accounting Balance Sheet as of December 31, 2013, Financial Results Statement for 2013 and schedules thereto. Liability of the Entity under Audit for Accounting (Financial) Statements The headship of "MB Technologies" LLC shall be liable for preparation and authenticity of the specified accounting (financial) statements in accordance with the rules for preparation of the accounting (financial) statements established in the Russian Federation and for the internal control system necessary for preparation of the accounting (financial) statements not containing material misstatements due to fraud actions or errors. Auditor’s Liability Our liability consists in expressing of the opinion on reliability of these statements on the basis of our audit. We conducted the audit in accordance with Federal Standards of Auditing Activities applied in the Russian Federation and International Auditing Standards.
    [Show full text]
  • Accounting & Finance Basics
    Accounting Basics Dr. Andreas G. Koutoupis 1 Financial (Accounting) Statements • Financial or Accounting statements are used for reporting corporate activity. For Stakeholders 2 Financial Statements • The Balance Sheet • The Income Statement • Statement of Cash Flows 3 The Balance Sheet • The balance sheet is an accountant’s snapshot of the firm’s accounting value on a particular date, as though the firm stood momentary still. • The balance sheet states what the firm owns and how it is financed. 4 The Balance Sheet (Cont.) Assets Liabilities + Stockholders’ equity 5 The Balance Sheet (example) XYZ Corporation Balance Sheet 2006 and 2005 Liabilities (Debt) and Assets 2006 2005 2006 2005 Stockholder's Equity Current Assets: Current Liabilities: Cash and equivalents 140 107 Accounts payable 213 197 Accounts receivable 294 270 Notes payable 50 53 Inventories 269 280 Accrued expenses 223 205 Other 58 50 Total current liabilities 486 455 Total Current Assets 761 707 Long-term liabilities: Fixed Assets: Deferred taxes 117 104 Property, plant, and equipment 1423 1274 Long-term debt 471 458 Less accumulated depreciation (550) (460) Total Long-term liabilities: 588 562 Net Property, plant, and equipment 873 814 Intangible assets and others 245 221 Stockholders' equity: Total fixed assets 1118 1035 Preferred stock 39 39 Common Stock ($1 par value) 55 32 Capital surplus 347 327 Accumulated retained earnings 390 347 Less treasury stock (26) (20) Total equity 805 7256 Total liabilities and stockholders' Total Assets 1879 1742 1879 1742 equity The Income
    [Show full text]
  • Capital Surplus
    Journal of Accountancy Volume 60 Issue 1 Article 4 7-1935 Capital Surplus R. R. Thompson Follow this and additional works at: https://egrove.olemiss.edu/jofa Part of the Accounting Commons Recommended Citation Thompson, R. R. (1935) "Capital Surplus," Journal of Accountancy: Vol. 60 : Iss. 1 , Article 4. Available at: https://egrove.olemiss.edu/jofa/vol60/iss1/4 This Article is brought to you for free and open access by the Archival Digital Accounting Collection at eGrove. It has been accepted for inclusion in Journal of Accountancy by an authorized editor of eGrove. For more information, please contact [email protected]. Capital Surplus By R. R. Thompson The Canadian companies act, 1934, makes several references to capital surplus, but nowhere does it attempt to define it. The result has been, on the part of many, much studying of the author­ ities, who, unfortunately, are almost as bad, and only make occa­ sional attempts to define capital surplus, while they refer to it many times. Generally they content themselves with saying in different places that such and such a thing is or is not to be re­ garded as capital surplus. It is the purpose of this article to examine the definitions that we have, to consider the various things which are regarded as capital surplus, and to attempt to draw therefrom a definition wide enough to embrace the best ideas and yet strict enough to keep us on sound ground, and so to avoid the wideness of the marsh. Let us first clearly understand what we are and are not dis­ cussing.
    [Show full text]
  • Explanation on Reconciliation Between Balance Sheet Items and Regulatory Capital Elements As of September 30, 2016
    Explanation on reconciliation between balance sheet items and regulatory capital elements as of September 30, 2016 <Sumitomo Mitsui Trust Bank, Limited.> [Consolidated] (Millions of yen) Basel III template No. Items Consolidated Ref. No. under the Composition of balance sheet (a) of appendix capital disclosure Amount (Assets) Cash and due from banks 11,350,580 Call loans and bills bought 57,615 Receivables under resale agreements 76,851 Receivables under securities borrowing transactions 404,833 Monetary claims bought 651,845 Trading assets 752,131 Money held in trust 1,586 6-a Securities 5,194,863 2-b, 6-b Loans and bills discounted 27,068,665 6-c Foreign exchanges 11,021 Lease receivables and investment assets 639,388 Other assets 1,883,749 6-d Tangible fixed assets 231,379 Intangible fixed assets 192,535 2-a Assets for retirement benefits 97,693 3 Deferred tax assets 26,297 4-a Customers' liabilities for acceptances and guarantees 423,525 Allowance for loan losses (88,818) Total assets 48,975,744 1 Basel III template No. Items Consolidated Ref. No. under the Composition of balance sheet (a) of appendix capital disclosure Amount (Liabilities) Deposits 27,721,484 Negotiable certificates of deposit 5,359,937 Call money and bills sold 1,558,711 Payables under repurchase agreements 1,589,543 Payables under securities lending transactions 110,821 Trading liabilities 474,176 Borrowed money 2,634,354 8 Foreign exchanges 124 Short-term bonds payable 946,503 Bonds payable 732,631 Borrowed money from trust account 3,427,540 Other liabilities 1,302,931
    [Show full text]